Business
ESQUIRE FINANCIAL HOLDINGS, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESULTS
Esquire Financial Holdings, Inc. (NASDAQ: ESQ) (the "Company"), the financial holding company for Esquire Bank, National Association ("Esquire Bank" or the "Bank"), (collectively "Esquire") today announced its operating results for the fourth quarter and full year 2025. Significant achievements and key performance metrics during the current quarter and year include:
About this update from Esquire Financial Holdings, Inc.
[{"type":"text","content":"Significant Commercial Loan and Deposit Growth Nationally Positions Esquire for Continued Success in 2026","length":105,"tagName":"p","attribs":{}},{"type":"text","content":"JERICHO, N.Y., Jan. 22, 2026 /PRNewswire/ -- Esquire Financial Holdings, Inc. (NASDAQ: ESQ) (the "Company"), the financial holding company for Esquire Bank, National Association ("Esquire Bank" or the "Bank"), (collectively "Esquire") today announced its operating results for the fourth quarter and full year 2025. Significant achievements and key performance metrics during the current quarter and year include:","length":453,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net income increased 14.6% to $13.5 million, or $1.55 per diluted share in the current quarter, as compared to $11.8 million, or $1.37 per diluted share, for the comparable quarter in 2024 despite a $1.2 million increase in the provision for credit losses and a $3.4 million increase in total noninterest expense. For the full year of 2025, net income increased 16.4% to $50.8 million notwithstanding a $5.0 million increase in the provision for credit losses and a $10.4 million increase in total noninterest expense when compared to 2024. During the current quarter and full year 2025, certain discrete tax benefits related to share-based compensation reduced the reported tax rate to 22.8% and 22.6%, respectively, as compared to 25.0% and 26.4% for the fourth quarter and full year 2024, respectively. Excluding these compensation related items, our 2025 and 2024 normalized effective tax rate was approximately 27%.","length":920,"tagName":"p"}]},{"val":[{"type":"text","content":"On a linked quarter basis, pretax profit was relatively flat despite a $1.2 million increase in the provision for credit losses due to significant commercial law firm loan growth and a $704 thousand increase in total noninterest expenses in the current quarter.","length":261,"tagName":"p"}]},{"val":[{"type":"text","content":"Consistent industry leading returns on average assets and equity of 2.36% and 18.90% in the current quarter, respectively, and 2.43% and 19.41% for full year 2025, respectively, notwithstanding our continued investment in current resources to support future growth and excellence in client service while also maintaining excess capital with a...